EUR/USD moves sideways right below the 1.1900 psychological level, resistance, so only a breakout and stabilization above this obstacle validates further growth. The price has decreased a little after reaching the 1.19 level as the US manufacturing and services data have beaten expectations.
Still, the rate is bullish, it could continue to increase after escaping from the down channel. So, an increase beyond the 1.1900 level could help us to buy this pair again as the price could try to approach a new psychological level, 1.20.
- EUR/USD Trading Conclusion
Buy if EUR/USD reaches the 1.1910 level and place your first upside target at the 1.2000 level. Don't forget to hide your Stop Loss order under the previous lows, maybe below 1.1800.
